Farmer Bros. (NASDAQ:FARM) Announces Quarterly Earnings Results

Farmer Bros. (NASDAQ:FARM) issued its earnings results on Thursday. The company reported ($0.22) earnings per share for the quarter, meeting the consensus estimate of ($0.22), Yahoo Finance reports. Farmer Bros. had a negative net margin of 13.46% and a negative return on equity of 58.82%. The firm had revenue of $84.40 million for the quarter, compared to analysts’ expectations of $81.30 million. During the same quarter last year, the company earned ($0.84) earnings per share.

Farmer Bros. Stock Performance

Shares of NASDAQ:FARM traded down $0.20 during midday trading on Friday, hitting $2.44. The stock had a trading volume of 121,477 shares, compared to its average volume of 63,683. The company has a market capitalization of $51.87 million, a PE ratio of -1.08 and a beta of 1.79. Farmer Bros. has a 1 year low of $2.12 and a 1 year high of $4.04. The stock has a 50 day moving average price of $2.69 and a two-hundred day moving average price of $3.00. The company has a current ratio of 1.42, a quick ratio of 0.65 and a debt-to-equity ratio of 0.54.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FARM. StockNews.com upgraded shares of Farmer Bros. from a “hold” rating to a “buy” rating in a research note on Sunday, May 19th. Craig Hallum started coverage on Farmer Bros. in a research note on Monday, June 17th. They set a “buy” rating and a $6.00 price target on the stock.

Farmer Bros. Company Profile

Farmer Bros. Co engages in the roasting, wholesale, equipment servicing, and distribution of coffee, tea, and other allied products in the United States. The company offers roast and ground coffee; frozen liquid coffee; flavoured and unflavoured iced and hot teas; culinary products, including spices, pancake and biscuit mixes, gravy and sauce mixes, soup bases, dressings, and syrups and sauces, as well as coffee filters, cups, sugar, and creamers; and other beverages comprising cappuccino, cocoa, granitas, and other blender-based beverages and concentrated and ready-to-drink cold brew and iced coffee.